NEW YORK (TheStreet) -- Shares of International Paper Co. (IP) are rallying 1.45% to $49.76 on Monday as shares could rise about 40% in the next 12 months on the improving global economy, according to Barron's.
With the debt from acquiring Weyerhauser (WY) and Temple-Inland now paid down to a comfortable level, International Paper is turning its attention to returning more capital to shareholders as a possible stock buyback or higher dividend, Barron's reported.
Must Read: Warren Buffett's 25 Favorite Stocks
Separately, TheStreet Ratings team rates International Paper Co. as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate International Paper Co. (IP) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."